IMPORTANT: Margin and Delivery Processing for Delivered Natural Gas Futures - Effective Monday, February 7, 2011

On Monday February 7, 2011, CME Group will introduce a new class of Delivered Natural Gas futures, starting with futures on gas delivered at the Pine Prairie Energy Center (PPEC), a gas storage and hub facility.  This new class of futures will provide physical gas market participants with a uniquely valuable set of benefits.

These are NYMEX products.  They will trade on CME Globex, and privately-negotiated trades will be submitted through CME Clearport.  The contract size will be 2,500 MMBtu per day, and the minimum price fluctuation will be 0.0025 USD per MMBtu.

For more information, please see the web page for the new products at:  http://www.cmegroup.com/trading/energy/delivered-natural-gas-futures.html

The New Product Advisory Notice 11-09 is at:

http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/NPadv11-09.pdf

Special Executive Report 5589, published January 21, is at:

http://www.cmegroup.com/tools-information/lookups/advisories/market-regulation/SER-5589.html

Any questions can be referred to the Clearing House Deliveries Team at clearinghousedelivteam@cmegroup.com  or 312-930-5640.

For the full text of the advisory, please click here.

Please note that this advisory was updated and replaced on August 18, 2011 by Advisory 11-289. The link above now goes to the updated advisory.

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